APEUSDT
APE Apecoin: 1H Chart ReviewHello friends, today you can review the technical analysis idea on a 1H linear scale chart for Apecoin (APEUSD).
Apecoin is inside a descending channel. Keep an eye on the RSI.
If you enjoy my ideas, feel free to like it and drop in a comment. I love reading your comments below.
Disclosure: This is just my opinion and not any type of financial advice. I enjoy charting and discussing technical analysis. Don't trade based on my advice. Do your own research! #cryptopickk
GREEN BOX MUST HOLDThere's a couple things on APE im seeing:
Since there isn't much price history for this we can really only analyze it on the smaller timeframes. And even then, not much price history so a lot of APE analysis you see, including mine, could likely be a shot in the dark.
1) We have set a lower local low. If we set a local lower high then the previous uptrend is now done.
2) We have flipped the up trending zone of support to resistance. Not a great sign.
3) We have broken the ema ribbon and ichimoku bearish.
4) The green box has to hold as support or else we will likely move to $9
5) I would be careful with this coin. It is extremely new and has already surpassed a lot of coins in terms of market cap.
In my opinion, the confidence in this green box isn't high.
This is not financial advise and always remember to do your own research before entering a trade.
🚀 APE Chart Analysis 🐒APE is currently in a consolidation phase after much of the hype has died down from the launch of the coin.
There are a lot of promises with this coin that will take some time to actually become a reality and so I think we can start to think to either take profits on longs/holding or even start shorting.
We are struggling with the $14 level and I have drown out 2 possible scenarios for APE.
We have a bullish and bearish scenario.
$APE Next Leg up is hereBullish $APE here, and long term. So much firepower behind the brand. Much more than any other Token has seen in terms of Celebrity and W3b 3.0 Innovators, Influencers, and Tech. In terms of the Chart, $16, $16,23, $16.44 are my price targets on this leg up. Most likely will require a break of $48K by BTC first.
$APE BREAKOUT, NEXT TARGET?First of all, what is ApeCoin?
It is an ERC-20 governance and utility token used within the APE Ecosystem to empower and incentivize a decentralized community building at the forefront of web3.
$APE price is up +1000% since launch, now price has broken above $15 and we are waiting for a daily close above it to look for a potential +20% move.
APEUSDT : Bullish potential till 17,50 (Short-term)APEUSDT : Bullish potential till 17,50 (Short-term)
context :
After the recent Token listing the market is evolving within a classic pause range after an eratic raise right after the listing. APE is already providing 28% of its total supply in circulation with a 41 rank place on Coinmarketcap with €3,157,305,347.
We can be confortable to see a further trading range with a test of the 14,70$ before a tentative of bullish exit to 17,50 regarding the current historical data projection.
Key Element:
- Action/reaction (back and force move) between key triangle fibonacci ratio calling for Triangle pattern (16,50/9,70)
- Auto-similar move and fibo extension 17,50 and 21
Key support fibo at 11,20
From a Risk/rewards perspective i am quiet confortable to buy the coin to play the common part till 17,50
Enjoy my Friends !
$APE - Bounce incoming hereAPE's RSI was near 80 on this last runup & needed to cool off. $13.43 was the 50% drop mark. RSI cooled off now, bounce was near identical to the type of action seen on the original run from $9.50-$14.50. Very Bullish. Continued Onward and Upward. The "Chart" people showing you charts calling Top and Doom and Gloom, but failing to share the fact the RSI was 80, are hiding info on purpose and trying to manipulate you. $APE Chart bullish, $APE future bullish. $14.50 break and this FLIES, especially when the Shorts get liquidated.